Industry

Banks will not finance at a rate of 24% producers who keep more than 5% of their production

To force producers to sell their soybeans, the Central Bank (BCRA) decided to cut their access to financing for the loans launched at 24% to address the current situation of the country amid the coronavirus. The BCRA established that financial entities would not be able to finance human or legal persons with an agricultural activity that maintain a stock of their wheat or soybean production for a value higher than 5% of their annual harvest capacity.

Source: La Nación

Categories: Industry